ACM

ADAR1 Capital Management Portfolio holdings

AUM $520M

AUM

$520M

AUM Growth

+$34.5M (+7%)

Cap. Flow

+$93.2M

Cap. Flow % of AUM

17.94%

Top 10 Holdings %Top 10 Hldgs %

45.71%

Holding

253

New

Increased

Reduced

Closed

Top Buys

1	Keros Therapeutics KROS	$14.9M
2	SpringWorks Therapeutics SWTX	$9.17M
3	iShares 1-3 Year Treasury Bond ETF SHY	$8.55M
4	ITCI Intra-Cellular Therapies Inc. ITCI	$6.34M
5	RAPT Therapeutics RAPT	$5.85M

Top Sells

1	BridgeBio Pharma BBIO	$11.7M
2	Ascendis Pharma ASND	$10.9M
3	Mineralys Therapeutics MLYS	$9.18M
4	Protagonist Therapeutics PTGX	$3.9M
5	Zai Lab ZLAB	$3.79M

Sector Composition

1	Healthcare	79.93%
2	Financials	4.61%
3	Consumer Discretionary	0.06%
4	Utilities	0.02%
5	Communication Services	0%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
226	226 Ultragenyx Pharmaceutical RARE $3.5B	$0	0%	0 -8,000	Closed	–
227	227 Royalty Pharma RPRX $14.8B	$0	0%	0 -49,963	Closed	–
228	228 Schrodinger SDGR $1.56B	$0	0%	0 -25,147	Closed	–
229	SLRN 229 DELISTED ACELYRIN SLRN	$0	0%	0 -444,967	Closed	–
230	230 Summit Therapeutics SMMT $14.8B	$0	0%	0	–	–
231	231 Sanofi SNY $120B	$0	0%	0 -99,600	Closed	–
232	232 Tarsus Pharmaceuticals TARS $1.75B	$0	0%	0	–	–
233	233 Veru VERU $87.5M	$0	0%	0 -50,722	Closed	–
234	234 Vigil Neuroscience VIGL $367M	$0	0%	0 -15,543	Closed	–
235	235 SPDR S&P Biotech ETF XBI $4.83B	$0	0%	0	–	–
236	BKHA 236 Black Hawk Acquisition Corp BKHA $95M	$0	0%	0 -15,000	Closed	–
237	ASPCU 237 A SPAC III Acquisition Corp. Unit ASPCU $57.7M	$0	0%	0 -215,000	Closed	–
238	ACOG 238 Alpha Cognition Inc. Common Stock ACOG $148M	$0	0%	0 -204,348	Closed	–
239	PVLA 239 Palvella Therapeutics, Inc. Common Stock PVLA $261M	$0	0%	0 -144,641	Closed	–
240	ONC 240 BeOne Medicines Ltd. American Depositary Shares ONC $28.7B	$0	0%	0 -2,974	Closed	–
241	AIMAW 241 DELISTED Aimfinity Investment Corp. I Warrant AIMAW	$0	0%	0 -18,000	Closed	–
242	CMRX 242 DELISTED Chimerix, Inc. CMRX	$0	0%	0 -122,236	Closed	–
243	EDR 243 DELISTED Endeavor Group Holdings, Inc. EDR	$0	0%	0 -210,729	Closed	–
244	GLSTW 244 DELISTED Global Star Acquisition, Inc. Warrants GLSTW	$0	0%	0 -120,000	Closed	–
245	GLSTR 245 DELISTED Global Star Acquisition, Inc. Right GLSTR	$0	0%	0 -88,560	Closed	–
246	FTIIW 246 DELISTED FutureTech II Acquisition Corp. Warrant FTIIW	$0	0%	0 -30,000	Closed	–
247	CDMO 247 DELISTED Avid Bioservices, Inc. Common Stock CDMO	$0	0%	0 -120,000	Closed	–
248	PSTX 248 DELISTED Poseida Therapeutics, Inc. Common Stock PSTX	$0	0%	0 -134,109	Closed	–